Banking Exams Exam  >  Banking Exams Questions  >  Read the passage and answers the questions gi... Start Learning for Free
Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.
India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.
A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.
It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.
While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.
The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."
Q. Which of the following is responsible for the dramatic change in economy of the country?
  • a)
    Modi's government
  • b)
    Expansion of technology
  • c)
    Both 1 and 2
  • d)
    Cannot say
  • e)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Read the passage and answers the questions given below. Some words hav...
It is mentioned in the line: Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country.
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q. From the given options, find the word which is the MOST SIMILAR in meaning to the word given below.ENTPRENEURS

Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which field has witnessed a growth in tycoons?

Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q. From the given options, find the word which is the MOST OPPOSITE in meaning to the word given below.VENTURE

Directions : Read the following passage carefully and answer the questions that follow.Entrepreneurs are inherent risk-takers. They tread the road less taken, venture into uncharted territory. Sometimes, their inroads are successful, at other times, not as much. Either way, it is because of the entrepreneurial ________ that many of the worlds problems have got solutions, and our lives become that little bit easier, more convenient, more palatable. Entrepreneurs also perform a huge service to society in indirect ways. Through their ventures, millions receive gainful employment. They are catalysts for genuine wealth creation. And they show the way forward to a world that is in constant need of innovators and early adopters. There is however one more invaluable way in which entrepreneurs can share their experiences, positive as well as negative, for the greater good. So how can they make their experience-derived knowledge available to a wide audience? By writing. Writing can become a vital tool for entrepreneurs to share their learnings. How? Through several ways.Experienced entrepreneurs can write and develop Case Studies based on their own real-life business experiences. Granted that many entrepreneurs may not be gifted writers; the process of converting ones business-stories into case studies can be simply achieved through studying a few existing ones, extracting the basic format, and then falling into that format, their unique experiences and learnings. Daunting as this task may seem, the good news is that Case Studies do not have to be models for great and eloquent writing or language flourish. They must convey facts, strategies, merits, and learnings, simply, and comprehensively. Further, these case studies can be published in various business and marketing journals, they can be made available through personal blogs online, or shared on resources commonly used by the business community. Those with connections in the media can even have them published in strategic magazines and newspapers patronized by the relevant target audience.Dont want to get too technical? An entrepreneur does not necessarily have to go the case-study route to share his or her learnings. A less formal but equally insightful article will also provide tremendous value to a reader. These articles are best suited to people who dont want to get too technical, have a flair and interest in writing, want to share a more personalized and informal account of their experiences. Creative non-fiction then can be a wonderful way of passing on wisdom and learnings one has acquired to the next generation. Publications are always on the lookout for good, sincere, valuable content. And to hear from the horses mouth about businesses and entrepreneurship will be of great interest to both reader and publisher.Another wonderful way for entrepreneurs to share their business prudence in through a personal blog. The biggest advantage of a blog is that the writer need not adhere to a strict format of any kind. Here, ones blog posts dont have to be the case-study type article type. They can be a mix of both. And one can develop ones own unique style of writing. It is also arguably the best platform on which to share certain very specific kinds of learnings that sometimes may not find takers of more traditional or rigid formats of business-writing. Lets say youre an entrepreneur who felt that some crucial mistakes were made in certain aspects of your business when you began, due to which you suffered, and it wasnt until years later, when you realized and corrected those shortcomings, did things get back on track. This kind of a story would be perfect to be told through a blog.Q. How, through writing, can entrepreneurs share their learnings?

Directions : Read the following passage carefully and answer the questions that follow.Entrepreneurs are inherent risk-takers. They tread the road less taken, venture into uncharted territory. Sometimes, their inroads are successful, at other times, not as much. Either way, it is because of the entrepreneurial ________ that many of the worlds problems have got solutions, and our lives become that little bit easier, more convenient, more palatable. Entrepreneurs also perform a huge service to society in indirect ways. Through their ventures, millions receive gainful employment. They are catalysts for genuine wealth creation. And they show the way forward to a world that is in constant need of innovators and early adopters. There is however one more invaluable way in which entrepreneurs can share their experiences, positive as well as negative, for the greater good. So how can they make their experience-derived knowledge available to a wide audience? By writing. Writing can become a vital tool for entrepreneurs to share their learnings. How? Through several ways.Experienced entrepreneurs can write and develop Case Studies based on their own real-life business experiences. Granted that many entrepreneurs may not be gifted writers; the process of converting ones business-stories into case studies can be simply achieved through studying a few existing ones, extracting the basic format, and then falling into that format, their unique experiences and learnings. Daunting as this task may seem, the good news is that Case Studies do not have to be models for great and eloquent writing or language flourish. They must convey facts, strategies, merits, and learnings, simply, and comprehensively. Further, these case studies can be published in various business and marketing journals, they can be made available through personal blogs online, or shared on resources commonly used by the business community. Those with connections in the media can even have them published in strategic magazines and newspapers patronized by the relevant target audience.Dont want to get too technical? An entrepreneur does not necessarily have to go the case-study route to share his or her learnings. A less formal but equally insightful article will also provide tremendous value to a reader. These articles are best suited to people who dont want to get too technical, have a flair and interest in writing, want to share a more personalized and informal account of their experiences. Creative non-fiction then can be a wonderful way of passing on wisdom and learnings one has acquired to the next generation. Publications are always on the lookout for good, sincere, valuable content. And to hear from the horses mouth about businesses and entrepreneurship will be of great interest to both reader and publisher.Another wonderful way for entrepreneurs to share their business prudence in through a personal blog. The biggest advantage of a blog is that the writer need not adhere to a strict format of any kind. Here, ones blog posts dont have to be the case-study type article type. They can be a mix of both. And one can develop ones own unique style of writing. It is also arguably the best platform on which to share certain very specific kinds of learnings that sometimes may not find takers of more traditional or rigid formats of business-writing. Lets say youre an entrepreneur who felt that some crucial mistakes were made in certain aspects of your business when you began, due to which you suffered, and it wasnt until years later, when you realized and corrected those shortcomings, did things get back on track. This kind of a story would be perfect to be told through a blog.Q. Which of the following words can replace the word "relevant" as used in the context of the passage without changing the meaning or making the sentence grammatically incorrect?

Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
Question Description
Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage and answers the questions given below. Some words have been highlighted in the passage for your attention.India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.It’s a shift shaped partly by a debt-fueled expansion that left businesses from power generation to airlines with $190 billion in soured loans. Over the past few years, Prime Minister Narendra Modi’s government has cracked down on delinquent borrowers, and India’s banks moved to seize their assets, a dramatic change for a country where the wealthy once enjoyed almost complete protection.While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultra high net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.The business environment has improved over the years," said Charles Dhanaraj, a professor at the Fox School of Business at Temple University in Philadelphia. "The availability of venture capital and private equity has changed the opportunity space for promising businesses. So we should see more of these startups and scaleups in the coming years."Q.Which of the following is responsible for the dramatic change in economy of the country?a)Modis governmentb)Expansion of technologyc)Both 1 and 2d)Cannot saye)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev